Series 2009-1 Notes
|As of 03/31||Performance Year|
Billed finance charge and fee yield percentage for each vintage segment is calculated by dividing the total amount of billed finance charge and fees for the segment by the total credit card receivables for each vintage segment.
Total amount of billed finance charges and fees for any vintage segment is the periodic finance charges and other fees posted to each cardholder's account during each performance year less amounts that reversed due to dispute, consolidation or return.
Historical data as presented in prospectuses for First National Master Note Trust (FNMNT) is calculated using the prior month principal receivables outstanding instead of the end of vintage segment total receivables as defined above. Therefore, the historical data presented in FNMNT prospectuses and the static pool data above are not directly comparable.
The static pool information includes data for accounts from (i) the beginning of the year in which the account is added to FNMNT if the account was originated in a prior year or (ii) the date of origination of the account if the account is added to FNMNT during the year it was originated. Historical data as presented in prospectuses for FNMNT includes data for accounts from the beginning of the month they are added to FNMNT. Therefore, the historical data presented in FNMNT prospectuses and the static pool data are not directly comparable with respect to this data.
The series 2009-1data reflects the entire year of finance charge and fees collected for the entire year in which the account was added to the trust. The data for the prior series of notes reflected finance charge and fees collected only from the date the account was added to the trust.